DA Davidson Expects Weaker Earnings for Civista Bancshares

Civista Bancshares, Inc. (NASDAQ:CIVB) – Equities researchers at DA Davidson lowered their FY2025 EPS estimates for Civista Bancshares in a research note issued on Tuesday, July 15th. DA Davidson analyst M. Navas now forecasts that the bank will post earnings of $2.65 per share for the year, down from their prior estimate of $2.80. DA Davidson currently has a “Buy” rating and a $26.00 target price on the stock. The consensus estimate for Civista Bancshares’ current full-year earnings is $2.28 per share. DA Davidson also issued estimates for Civista Bancshares’ FY2026 earnings at $2.50 EPS.

Civista Bancshares (NASDAQ:CIVB) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.16. The company had revenue of $40.63 million for the quarter, compared to analyst estimates of $40.33 million. Civista Bancshares had a net margin of 14.35% and a return on equity of 9.13%.

Several other equities analysts have also issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Civista Bancshares from $25.00 to $28.00 and gave the company an “outperform” rating in a report on Friday, April 25th. Piper Sandler boosted their target price on shares of Civista Bancshares from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Monday, April 28th. Wall Street Zen lowered shares of Civista Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, June 28th. Finally, Stephens boosted their target price on shares of Civista Bancshares from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Friday, April 25th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.

Civista Bancshares Price Performance

Shares of NASDAQ:CIVB opened at $21.45 on Thursday. The firm has a market cap of $332.90 million, a PE ratio of 9.45 and a beta of 0.69. The firm’s fifty day moving average is $22.82 and its 200-day moving average is $21.28. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.97 and a current ratio of 0.97. Civista Bancshares has a 52 week low of $14.90 and a 52 week high of $25.59.

Insider Activity at Civista Bancshares

In related news, SVP Richard J. Dutton purchased 4,000 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was purchased at an average cost of $21.25 per share, with a total value of $85,000.00. Following the completion of the purchase, the senior vice president owned 4,000 shares in the company, valued at approximately $85,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clyde A. Perfect, Jr. purchased 2,352 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was bought at an average cost of $21.25 per share, with a total value of $49,980.00. Following the completion of the purchase, the director owned 2,352 shares of the company’s stock, valued at approximately $49,980. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,385 shares of company stock valued at $376,741. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Civista Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC increased its stake in Civista Bancshares by 166.8% in the fourth quarter. Nuveen Asset Management LLC now owns 92,687 shares of the bank’s stock valued at $1,950,000 after purchasing an additional 57,950 shares in the last quarter. Man Group plc acquired a new stake in shares of Civista Bancshares in the 4th quarter worth about $282,000. Lazard Asset Management LLC acquired a new stake in shares of Civista Bancshares in the 4th quarter worth about $263,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Civista Bancshares by 210.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 149,815 shares of the bank’s stock worth $3,152,000 after acquiring an additional 101,610 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Civista Bancshares by 23.3% in the 4th quarter. Ameriprise Financial Inc. now owns 36,861 shares of the bank’s stock worth $776,000 after acquiring an additional 6,968 shares during the last quarter. 52.10% of the stock is owned by institutional investors.

About Civista Bancshares

Civista Bancshares, Inc operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, farm real estate, real estate construction, consumer, and other loans, as well as letters of credit.